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<p>[QUOTE="Rono, post: 448220, member: 6492"]Howdy BKM,</p><p> </p><p>First of all, you need to read and re-read both Cloudsweeper and GDJMSP. </p><p> </p><p>Right now there is an extreme divergence between the paper price of bullion and the street price. This is being reflected in the enormous premiums on some popular bullion items. It's also resulting in some supply shortages here and there. This is abnormal. Whether or not it's Fair has nothing to do with anything.</p><p> </p><p>There are a lot of different ways to acquire and accumulate bullion. However, most of the differences are a matter of taste. If you're simply wanting to set aside a stash of bullion than you want to buy stuff with the smallest premium and generally that's ingots and plain vanilla rounds. It's NOT official coins. The next step is to buy official coins but stay with those with the smallest premium like the krugs and phillies and leafs. It is NOT eagles or buffalos. Eagles and buffs are nice because they're american and fungible and that's a lot of the reason for their higher premiums. Next would be older US gold but of the generic type w/o any significant numismatic premium. This would be Saints and Liberties and should be slabbed and probably MS-63 or better - just common dates. </p><p> </p><p>Now, as mentioned, the market right now is extremely weird and none of use are going to change it. What you may consider is to slowly Dollar Cost Average you purchases so as to dampen any nasty up and down swings. This should also help to dampen the nasty high premiums - over time. For example, each month you would spend a specific dollar amount and buy whatever bullion you choose. If the price goes down, you should get more - if it goes up you get less. Over time, it should average out.</p><p> </p><p>good luck,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 448220, member: 6492"]Howdy BKM, First of all, you need to read and re-read both Cloudsweeper and GDJMSP. Right now there is an extreme divergence between the paper price of bullion and the street price. This is being reflected in the enormous premiums on some popular bullion items. It's also resulting in some supply shortages here and there. This is abnormal. Whether or not it's Fair has nothing to do with anything. There are a lot of different ways to acquire and accumulate bullion. However, most of the differences are a matter of taste. If you're simply wanting to set aside a stash of bullion than you want to buy stuff with the smallest premium and generally that's ingots and plain vanilla rounds. It's NOT official coins. The next step is to buy official coins but stay with those with the smallest premium like the krugs and phillies and leafs. It is NOT eagles or buffalos. Eagles and buffs are nice because they're american and fungible and that's a lot of the reason for their higher premiums. Next would be older US gold but of the generic type w/o any significant numismatic premium. This would be Saints and Liberties and should be slabbed and probably MS-63 or better - just common dates. Now, as mentioned, the market right now is extremely weird and none of use are going to change it. What you may consider is to slowly Dollar Cost Average you purchases so as to dampen any nasty up and down swings. This should also help to dampen the nasty high premiums - over time. For example, each month you would spend a specific dollar amount and buy whatever bullion you choose. If the price goes down, you should get more - if it goes up you get less. Over time, it should average out. good luck, rono[/QUOTE]
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